Nigeria Rakes In Over $3bn From Non-oil Export - NEPC   The Nigerian Export Promotion Council (NEPC) has said that the country exported non-oil products worth $3.455bn in the 2021 fiscal year. The Executive Director, NEPC, Mr Ezra Yakusak, who said this while speaking at a seminar...

Report Says Nigeria Recorded N1.94trn Trade Deficit In 2021 Nigeria recorded N1.94tn foreign trade deficit in 2021, figures obtained from the National Bureau of Statistics revealed on Tuesday. According to its ‘Foreign trade in goods statistics Q4, 2021 report’, this was an improvement from N7.37tn trade...

Ukraine-Russia: Nigeria, Others May Face Commodity Supply Disruptions - IMF   The International Monetary Fund (IMF) says countries that have very close economic links with Ukraine and Russia are at particular risk of scarcity and supply disruptions. It added that poor households across the world would suffer...

Nigeria Signs MoU On Gas Supply To Equatorial Guinea   Nigeria and Equatorial Guinea on Tuesday signed a Memorandum of Understanding for the supply of gas from Nigerian offshore fields to Equatorial Guinea gas processing facility at Punta Europa. Speaking at the MoU signing ceremony in Abuja,...

Shell and other oil giants leave Nigeria, as Nigerian billionaires purchase assets Recent months have seen major changes in oil asset ownership in Nigeria, especially in the upstream sector. In Nigeria's oil industry, Shell, Exxon Mobil, Chevron, Agip, Texaco and Total brand names were synonymous...

The International Monetary Fund (IMF), projected that by 2022 Nigeria would spend almost 92 kobo of every Naira it earned on servicing its growing debt. This implies that only 8kobo of every Naira earned will be used for development. According to the IMF's Article IV...